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Long-Term Debt and Capital Leases | 12 Months Ended
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Jun. 30, 2016
Debt Disclosure [Abstract] |
LONG-TERM DEBT AND CAPITAL LEASES | LONG-TERM DEBT AND CAPITAL LEASES Long-term debt and capital lease obligations consisted of the following at June 30:
(in thousands) | 2016 |  | 2015
2.65% Senior Unsecured Notes due 2019 net of discount of $0.3 million for 2016 and $0.3 million for 2015 | $ | 399,748 |  |  | $ | 399,671 |
3.875% Senior Unsecured Notes due 2022 net of discount of $0.2 million for 2016 and $0.2 million for 2015 | 299,794 |  |  | 299,757 |
Credit Agreement: |  |  |
Euro-denominated borrowings, 0.9% to 1.1% in 2016 and 2015, due 2021 | — |  |  | 42,609 |
U.S. Dollar-denominated borrowings, 1.2% in 2016 and 2015, due 2021 | — |  |  | 200 |
Capital leases with terms expiring through 2018 at 1.6% to 5.4% in 2016 and 2015 | 748 |  |  | 1,771 |
Other | — |  |  | 6 |
Total debt and capital leases | 700,290 |  |  | 744,014 |
Less current maturities: |  |  |
Long-term debt | — |  |  | (8,049 | )
Capital leases | (732 | ) |  | (74 | )
Other | — |  |  | (6 | )
Total current maturities | (732 | ) |  | (8,129 | )
Long-term debt and capital leases, less current maturities | $ | 699,558 |  |  | $ | 735,885 |
Senior Unsecured Notes On November 7, 2012, we issued $400.0 million of 2.65 percent Senior Unsecured Notes due in 2019. Interest is paid semi-annually on May 1 and November 1 of each year. We used the net proceeds from this notes offering to repay outstanding indebtedness under our credit facility and for general corporate purposes. On February 14, 2012, we issued $300 million of 3.875 percent Senior Unsecured Notes due in 2022. Interest is paid semi-annually on February 15 and August 15 of each year. Credit Agreement The five-year, multi-currency, revolving credit facility, as amended and restated in April 2016 (Credit Agreement) permits revolving credit loans of up to $600 million for working capital, capital expenditures and general corporate purposes. The Credit Agreement matures in April 2021 and allows for borrowings in U.S. dollars, euro, Canadian dollars, pound sterling and Japanese yen. Interest payable under the Credit Agreement is based upon the type of borrowing under the facility and may be (1) LIBOR plus an applicable margin, (2) the greater of the prime rate or the Federal Funds effective rate plus an applicable margin, or (3) fixed as negotiated by us. The Credit Agreement requires us to comply with various restrictive and affirmative covenants, including two financial covenants: a maximum leverage ratio and a minimum consolidated interest coverage ratio (as those terms are defined in the agreement). We were in compliance with all covenants as of June 30, 2016. We had $0.0 million and $42.8 million of borrowings outstanding under the Credit Agreement as of June 30, 2016 and June 30, 2015, respectively. Borrowings under the Credit Agreement are guaranteed by our significant domestic subsidiaries. Future principal maturities of long-term debt are $400 million in 2020 and $300 million beyond 2021. Future minimum lease payments under capital leases for the next five years and thereafter in total are as follows:
(in thousands) |
2017 | $ | 775 |
2018 | 25 |
2019 | — |
2020 | — |
2021 | — |
After 2021 | — |
Total future minimum lease payments | 800 |
Less amount representing interest | (52 | )
Amount recognized as capital lease obligations | $ | 748 |
At June 30, 2016 and 2015 our collateralized debt consisted of capitalized lease obligations of $0.7 million and $1.8 million, respectively. The underlying assets collateralize these obligations.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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